., and then not change the floors and leave the 100 yr old carpet...???  

This unexpected higher rate erodes a borrower’s expected cash flow and ROI and may change the “out-of-pocket” capital required to close the transaction.The uncertainty affects both borrowers in the midst of a transaction, and those looking to refinance an asset in the next 24 months.

Any clue on why they see the two transactions differently enough to change the LTV?

Those numbers are not set in stone and change every year, but over a 10+ year career, they probably are not far off the mark.

Another option to value the property is to project the NOI  at increased rental rates, but use a higher Cap Rate to discount the fact that you'll need to implement these changes.

I was informed of the price change today, 14 days after the original closing date.

But due to change in circumstances, I cannot move into that new home for a while.

He is hedging on changing over to either one because of their credit issues.

Like anything else, a company built to do one thing is going to be more efficient than an individual trying to do it once or twice; a professional mechanic is going to fix eight cars in the time it take a first-time car owner to replace a tail light and change the oil.

Seller Disclosure form P&S Agreement (contract) Sub To Addendum Seller Disclosure Addendum Sellers Disclosure (Trec) Authorization to release Loan information Homeowners Cancellation Form Notification to Lender of Change of Address of Borrower Limited Power of Attorney Special Durable P of A for Real Estate Transactions Affidavit of Marital Status General Warranty Deed Subject To Existing Mortgage"links suggestions and feedback is appreciated.